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Table 10.3 shows each country’s progress towards exploring and exploiting geothermal power, and the estimated costs for developing the geothermal resource and geothermal power plants in the Eastern Caribbean. All of the projects are designed to meet domestic demand. The project on Dominica could potentially have a second phase to export electricity via undersea interconnection cables to neighboring islands. The project in Nevis could also potentially have a second phase to export electricity to Saint Kitts and to other countries. Table 10.3 Estimated Resource Potencial Confirmed Resource Proposed Plant Size Development status Estimated Cost to Develop Geothermal Resources and Power Plant (US$) Planned Project Structure Status of Geothermal Development in the Eastern Caribbean Countries Dominica Nevis (Nevis and Saint Kitts) Grenada Saint Lucia Saint Vincent 200–500 MW+ 120 MW 161 Phase 1: 10 MW Phase 2: 100–120 MW (Export) Phase 1: Production well drilling completed. Phase 2: Exploratory drilling confirmed resource. US$52M US$300–531M 156 50–60 MW+ 157 Resource not confirmed Phase 1: 10 MW Phase 2: 25 MW (Export to Saint Kitts) Phase 1: Slim-hole drilling estimates good-quality resource. Phase 2: Slim-hole drilling estimates good-quality resource. Phase 1: US$80M Phase 2: US$114–120M 30 MW+ 158 Resource not confirmed 10 MW Surface exploration needed to estimate resource. Surface exploration ongoing. US$86M 75 MW+ Resource not confirmed 10 MW Further surface exploration needed to confirm resource. Surface exploration ongoing. US$152.5M 159 75 MW+ 160 Resource not confirmed 10 MW Not yet defined Phase 1: Concession contract for production drilling, power plant construction and operation. Concession was signed by a private consortium and the government. PPA with utility signed in November 2015. Phase 2: Not yet defined Not yet defined Preliminary agreement with private partner for surface exploration and exploration drilling. A project agreement for later stages is not yet defined. Surface exploration completed in 2015. Drilling phase is expected to begin in early 2016. US$50–80M Special purpose vehicle, owned by government and private company, for exploration, drilling, power plant construction and operation. Preliminary agreement for surface exploration signed. Source:: Financial model that accompanies this report, based on information from: Magnus Gehringer and Victor Loksha, Geothermal Handbook: Planning and Financing Power Generation (Washington, DC: The International Bank for Reconstruction and Development, Technical Report 002/12, June 2012), accessed October 22, 2014, http://www.esmap.org/sites/esmap.org/files/DocumentLibrary/FINAL_Geothermal%20 Handbook_TR002-12_Reduced.pdf; IDB, “Sustainable Energy Facility (SEF) for the Eastern Caribbean: Loan Proposal RG-L1071, RG-G1009, and RG-G1004” (2015), accessed December 2, 2015, http://www.iadb.org/ en/projects/project-description-title,1303.html?id=RG-L1071. Cost estimates (with exception of Dominica Phase 2) from West Japan Engineering Consultants, Inc., and based on production drilling and construction costs for a 10 MW power plant. Cost estimates for Dominica Phase 2 are from the West Japan Engineering Consultants, Inc. and include the construction costs of a 100–120 MW power plant and undersea interconnection. Cost estimates for interconnection cables between Saint Kitts and Nevis are adapted from: Nexant, Caribbean Regional Electricity Generation, Interconnection, and Fuels Supply Strategy (March 2010), 1-38, accessed April 27, 2015, http://www.caricom.org/jsp/community_organs/energy_programme/electricity_gifs_strategy_final_report_summary.pdf; Magnus Gehringer and Victor Loksha, Geothermal Handbook: Planning and Financing Power Generation (Washington, DC: The International Bank for Reconstruction and Development, Technical Report 002/12, June 2012), accessed October 22, 2014, http://www. esmap.org/sites/esmap.org/files/DocumentLibrary/FINAL_Geothermal%20Handbook_TR002-12_Reduced.pdf; West Japan Engineering Consultants, Inc., “Study on Current Status of Geothermal Development in the Eastern Caribbean Islands,” March 2014. 156. World Bank, “Got Steam? Geothermal as an Opportunity for Growth in the Caribbean,” Caribbean Knowledge Series, June 2013, accessed March 6, 2014, http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/06/21/000442464_2013062114270 3/Rendered/PDF/786080WP015.0G00Box377349B00PUBLIC0.pdf; AFD, “Geothermal Resource Development in Dominica: Exploratory drillings and complementary case studies,” February 2008. 157. Nevis Island Administration, “NIA, NEVLEC and NREI Sign Geothermal Power Purchase Agreement,” November 26, 2015, accessed December 4, 2015, http://www.nia.gov.kn/index.php/news-4/news-articles-3/2538-nia-nevlec-and-nrei-sign-geothermal-power-purchase- agreement. 158. World Bank, “Got Steam? Geothermal as an Opportunity for Growth in the Caribbean,” Caribbean Knowledge Series, June 2013, accessed March 6, 2014, http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/06/21/000442464_20130621142703/ Rendered/PDF/786080WP015.0G00Box377349B00PUBLIC0.pdf. 159. Ibid. 160. Ibid. 161. Lucien Blackmoore, “Global Geothermal Development Plan Roundtable: Dominica Geothermal Resource Development Programme” (November 11, 2013, The Hague, Netherlands). 80PDF Image | Unlocking Geothermal Power Eastern Caribbean Powerhouse
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